1.Sarah Wiggum would like to make a single investment and have ?$1.8 million at the time...

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1.Sarah Wiggum would like to make a single investment and have?$1.8 million at the time of her retirement in 30 years. She hasfound a mutual fund that will earn 5 percent annually. How muchwill Sarah have to invest? today? If Sarah earned an annual returnof 15 ?percent, how soon could she then? retire???
2. Lance Murdock purchased a wooden statue of a Conquistador for$ 7,000 to put in his home office 8 years ago. Lance has recently?married, and his home office is being converted into a sewing room.His new? wife, who has far better taste than? Lance, thinks theConquistador is hideous and must go immediately. Lance decided tosell it on? e-Bay and only received ?$4,900 for? it, and so he tooka loss on the investment. What was his rate of? return, that? is,the value of i??
What was Lance? Murdock's rate of? return, that? is, the valueof i?? Enter a negative percentage for a loss.
_?% ? (Round to two decimal? places.)

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1.Sarah Wiggum would like to make a single investment and have?$1.8 million at the time of her retirement in 30 years. She hasfound a mutual fund that will earn 5 percent annually. How muchwill Sarah have to invest? today? If Sarah earned an annual returnof 15 ?percent, how soon could she then? retire???2. Lance Murdock purchased a wooden statue of a Conquistador for$ 7,000 to put in his home office 8 years ago. Lance has recently?married, and his home office is being converted into a sewing room.His new? wife, who has far better taste than? Lance, thinks theConquistador is hideous and must go immediately. Lance decided tosell it on? e-Bay and only received ?$4,900 for? it, and so he tooka loss on the investment. What was his rate of? return, that? is,the value of i??What was Lance? Murdock's rate of? return, that? is, the valueof i?? Enter a negative percentage for a loss._?% ? (Round to two decimal? places.)